MGE Energy, Inc.
MGE Energy, Inc. (Nasdaq: MGEE) is a utility holding company whose wholly owned subsidiary Madison Gas and Electric (MGE) provides regulated electric and natural gas service in south-central Wisconsin. MGE generates, purchases and distributes electricity and purchases and distributes natural gas to residential,… From the company’s description.
Over the twelve months to Sep 30, 2026, MGE Energy, Inc. reported revenue of $783.85M, up 8.0% from a year earlier, and net income of $161.49M. Its operating margin was 22.5%, and operations generated $275.52M in cash. In fiscal 2025, it reported revenue of $743.65M, up 9.9% from fiscal 2024, and net income of $135.89M.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What MGE Energy, Inc. does
In the company’s own words
MGE Energy, Inc. (Nasdaq: MGEE) is a utility holding company whose wholly owned subsidiary Madison Gas and Electric (MGE) provides regulated electric and natural gas service in south-central Wisconsin. MGE generates, purchases and distributes electricity and purchases and distributes natural gas to residential, commercial and industrial customers; its electric service area includes Madison, while its gas service area spans seven counties. MGE Energy also owns generating capacity leased to MGE, including interests in the Elm Road coal-fired units and the West Campus cogeneration facility, and holds investments in electric transmission companies. Its five reportable segments are regulated electric utility operations, regulated gas utility operations, nonregulated energy operations, transmission investments and all other. As of December 31, 2025, MGE served approximately 170,000 electric customers and 180,000 gas customers, and MGE Energy and its subsidiaries had 726 employees. MGE Energy was organized in 2001; its subsidiary MGE dates to 1896. Its website is mgeenergy.com.
Company details
- Sector
- Utilities
- Industry (SIC)
- Electric, Gas & Water
- Headquarters
- MADISON, WI
- Fiscal year end
- December
- CIK
- 1161728
- SIC
- 4900
Financial performance, year by year
Fiscal 2011–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns MGE Energy, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · MGE Energy, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do MGE Energy, Inc. and its peers compare on margins and cash generation over ten years?”
- “Where did five years of MGE Energy, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in MGE Energy, Inc.'s last four quarterly filings that the numbers alone won't show?”